tag:blogger.com,1999:blog-32999748.post3245980211910666211..comments2024-03-04T01:47:18.750-05:00Comments on Lemurian Congress: Embarassing Moments: Financial RuinAdam Thorntonhttp://www.blogger.com/profile/05634565262440008573noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32999748.post-4331779480955220132009-08-03T12:26:10.347-04:002009-08-03T12:26:10.347-04:00Actually, many people probably thought that the ma...Actually, many people probably thought that the market bubble would burst.<br /><br />The first American billionaire, John D. Rockefeller, was supposed to have said that when elevator operators (or maybe bus boys) were giving stock tips, it was time to get out of the market.<br /><br />Watch Niall Ferguson's "The Ascent of Money" on PBS and you will see other examples of booms-go-bust. So 1929 was not unusual - just unusually large.<br /><br />Recently, weren't investors duped by some financial houses that advised them to buy heavily, but had internal memos about avoiding or dumping certain stocks?<br /><br />And everything old is new again...<br />...Murads and Caviarettes, please!Garynoreply@blogger.comtag:blogger.com,1999:blog-32999748.post-22077453349855013192009-07-31T08:54:45.032-04:002009-07-31T08:54:45.032-04:00Wow, that's kind of haunting. What did editori...Wow, that's kind of haunting. What did editorial cartoonists know that nobody else did?!?Colinhttp://www.therecord.blogs.com/withinearshotnoreply@blogger.com